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Euronext weighs up stock options

Tom McEnaney

Over the past few weeks Ireland has been at the centre of serious, and at times difficult, negotiations that will have some impact on the future of Europe. There was also a bit of brouhaha about Brexit.

While British politicians were looking for “optionality” on the border question going into the second round of Brexit negotiations Euronext, a pan-European exchange, was looking for “optionality” on the Irish stock exchange once it concluded its €137 million takeover.

It is not a trivial question. The need to protect the independence of the Irish exchange in the interest of its stockbroker members and of Irish-listed companies and funds is what has kept the institution independent for 224 years.

Although the Irish government put paid to Britain’s bid for…

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